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While restructuring is increasingly acknowledged as an inherent characteristic of economic development and receives substantial policy attention at European and Member State level, the regional perspective on it is rarely discussed. However, most large-scale restructurings affect the regions and employment areas where they take place, not just the company and its employees. Based on secondary data analysis, a literature review and five in-depth case studies, this research project aims to identify the effects of large-scale restructuring at regional level. It also describes examples of successful regional management directed at maintaining and improving labour markets and living conditions following an important restructuring event. An executive summary is also available.
While restructuring and structural change are increasingly acknowledged as inherent characteristics of economic development and receive much policy attention at European and Member State level, the topic is rarely discussed from a regional perspective. However, most large-scale restructurings have effects on the regions and employment areas in which they take place. This report aims to help close the knowledge gap. Based on secondary data analysis, a literature review and five in-depth case studies, it identifies and discusses the effects of large-scale restructuring outside the firm undergoing restructuring. It also seeks to illustrate success stories of positive regional management directed towards maintaining and improving labour markets following an important restructuring event. Read more in the report.
According to the 2014 spring forecast from the European Commission DG-ECFIN, ‘the economic outlook is strengthening’ and ‘leading indicators point to GDP growth gaining momentum’. Some measure of modest growth has now returned to the majority of Member States. This issue includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/4/14 - 30/6/14); Sectoral distribution of job losses/job gains, and top five cases; Restructuring support measures in focus: Italy; Sector in focus: Retail in the UK; Sector in focus: Healthcare in the Netherlands; Sector in focus: Tobacco.
This report looks in detail at recent shifts in the employment structure at Member State and EU level, examining the main sectors and occupations that have contributed to job loss and job growth. It finds, for example, that in 2011–2013, the majority of net employment losses continued to occur in middle-paid and low-to-middle-paid jobs in construction and manufacturing. Employment growth remained resilient in high-paid, high-skilled jobs, and knowledge-intensive services have been the main source of this growth. The report also examines some of the likely drivers behind the changing employment structure: technological change, globalisation and labour market institutions.
European labour markets added nearly 30 million new jobs in a golden age of employment creation prior to the onset of the Great Recession in 2008. These labour markets subsequently shed six million jobs, and unemployment peaked at 11% in 2013, its highest rate in well over a decade. This third annual European Jobs Monitor report looks in detail at recent shifts in employment at Member State and European Union level in the two years from the second quarter of 2011 to the second quarter of 2013.
According to the most recent European economic forecast from the European Commission’s DG-ECFIN, the recovery is broadening, as some measure of modest growth returns to the majority of Member States. DG-ECFIN also points to growing internal consumer demand as the driver of recent growth ‘reducing the dependency of the recovery on the external sector’. This first issue for 2014 includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/1/14 - 31/3/14); Sectoral distribution of job losses/job gains, and top five cases; National collective redundancy provisions; Sector in focus: Steep jobs decline in German PV industry; Sector in focus: More jobs losses in financial sector.
Recent months have seen an improvement in economic outlook, a calming of the sovereign debt crisis and a stabilisation of unemployment rates. ECB President Mario Draghi was, however, cautious in his assessment of the emergent European recovery in January, calling it ‘modest’, ‘weak’ and ‘fragile’. This fourth issue for 2013 includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/10/13 - 31/12/13); Sectoral distribution of job losses/job gains, and top five cases; Support instruments for restructuring in Greece; Cases in focus: RTVV, Spain - Liepajas Metalurgs, Latvia; Retail sector in focus – Amazon's expansion.
Young people in Europe have been particularly affected by the recession: by
mid-2013, the unemployment rate among people aged 24 and under was over 23%.
A large proportion of workers in this age group are employed on temporary
rather than permanent contracts (42% compared to just 10% of workers aged
25–64). While temporary or fixed-term contracts can be a stepping stone in
the transition from education into work, they can also trap young people in
insecure jobs. This report from the European Restructuring Monitor is based
on data from correspondents in 28 EU Member States and Norway. It examines
the reasons for the growth in temporary employment contracts across the EU
and explores the situation regarding access to social protection for young
people on such contracts. It reviews the measures put in place in various
countries to regulate the use of these contracts – often with a view to
encouraging the transition to standard contracts – and finally presents the
opinions of the social partners on the issue.
Since the onset of the economic and financial crisis in 2008, the number of young people in employment across the European Union has declined considerably. By mid-2013, the unemployment rate among people aged 24 and under had increased to over 23%. A large number of workers in this age group are employed on temporary rather than permanent contracts (42% compared to just 10% of workers aged 25–64). While temporary or fixed-term contracts can be a stepping stone in the transition from education into work, they can also trap young people in insecure jobs.
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In the econ...